AOL to buy MaqQuest.com for $1.1 billion
America Online yesterday said it plans to acquire MapQuest.com, a provider of online mapping and navigation services, in an all-stock transaction valued at about $US1.1 billion.
America Online yesterday said it plans to acquire MapQuest.com, a provider of online mapping and navigation services, in an all-stock transaction valued at about $US1.1 billion.
Spike Networks and Hong Kong's Pacific Century CyberWorks have agreed to form a joint venture that will offer a range of Internet services, including those to help businesses develop and manage Web sites.
The venture initially will build on Spike's existing operations in Australia and Japan, although the companies hope eventually to expand throughout Asia Pacific and beyond, the company said.
Networking vendor Cabletron Systems reported third-quarter income on Monday of $US22 million or 12 cents per share on a pro forma basis, company officials said in a statement. The results beat the expectations of Wall Street analysts by two cents per share, according to a consensus estimate gathered by First Call/Thomson Financial.
Cisco Systems has agreed to acquire the optical networking systems division of Italy's Pirelli SpA in a deal valued at more than $US2 billion, Pirelli said in a statement issued yesterday.
Cisco Systems has signed a definitive agreement to acquire privately held Worldwide Data Systems, which provides consulting and engineering services for companies trying to build converged data and voice networks.
Linuxcare yesterday announced plans to open nine global service centres in an effort to expand its services for customers that use Linux worldwide.
3Com has appointed Carl Yankowski, a former top executive with a unit of Reebok International, as chief executive officer of its Palm Computing division.
To avoid being outflanked by an upstart Internet company, businesses need to throw out their legacy IT infrastructure and start all over again, Larry Ellison, Oracle's chairman and chief executive officer, said in a provocative, if fanciful, speech.
Brushing off a criticism that Hewlett-Packard's server strategy is unclear, Carly Fiorina, HP's president and chief executive officer, said her company will continue to pursue a multi-platform strategy by developing systems for the Windows NT, HP-UX and Linux operating systems.
To avoid being outflanked by an upstart Internet company, businesses need to throw out their legacy IT infrastructure and start all over again, Larry Ellison, Oracle's chairman and chief executive officer, said in a provocative, if fanciful, speech here on Wednesday night.
Novell on Tuesday reported a profit of US21 cents per share for its fourth fiscal quarter, comfortably ahead of analysts' expectations. Revenue for the quarter increased 16 percent from a year ago to reach $345 million, the company said.
Scott McNealy had a serious message about the IT industry to deliver here today, but the chairman and chief executive officer of Sun Microsystems couldn't bring himself to deliver it until he'd cracked every gag in the book about arch-rival Microsoft.
Compaq has restructured its commercial desktop division into two parts, part of a giant effort to focus on low-cost internet PCs and devices aimed at corporate customers.
The new division will develop the iPaq class of computers, as well as internet appliances like wireless handheld computers.
A new computer virus dubbed "FunLove" has emerged that can attack Windows NT's file security system, according to officials at three top antivirus software vendors.
Cisco has announced a suite of software products designed to help firms manage customer relationships across multiple channels including the internet.